Lex Cameroon

Law No 2019/021 of 24 december 2019 to lay down some rules governing credit activities in the banking and mico-finance sector in Cameroon › Title 5

SECTION 21

Today
(1) The fine provided for in Sub-section 1 above shall be based on the loan amount due as follows, in CF A francs: >- 100000 (one hundred thousand) to 1 000000 (one million), for an un12~!.<! _____________ _ loan less than or equal to 5000000 (five million)· PREStDEN'ëTi5'TD\-·.~<"Pu t; u c. u~ ) ' PAESIOENCY OF T H 1 S~CRETA · NERA L , $EIIVICE OU Çl EGI SLATIF ET RE MENTAlRE 8 LE GIS ND STATUTORY AFFAIRS CA INDEX SERVICE , ·cOPIE CERTIFIEE CONF RME CERTIFIED TRUE C PY -~---~-----------~----~----- ~ 1 000000 (one million)to 2000000 (two million), for amounts greater than 5000000 (five million)and less than or equal to 10000000 (ten million); ~ 2 000000 (two million) to 5000000 (five million) for amounts greater than 10000000 (ten million) and less than or equal to 50000000 (fifty million); ~ 5000000 (five million) to 10000000 (ten million) for amounts greater than 50000000 (fifty million)and less than or equal to 100000000 (one hundred million); ~ 10000000 (ten million) to 25 000 000 (twenty-five million), for amounts greater than 100000000 (one hundred million) and less than or equal to 500000000 (five hundred million); ~ 25 000 000 (twenty-five million) to 50000000 (fifty million), for amounts greater than 500000000 (five hundred million) and less than or equal to 1000000000 (one billion); ~ 50000000 (fifty million) to 100000000 (one hundred million) for amounts greater than 1000000000 (one billion). (2) The penalties provided for in Sub-sections 1 and 2 above may also be applied in case of failure to comply with a moratorium.
Official text Transcription: Machine-parsed In force from 24-12-2019 Source page 8

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Contents

Section 21 of the Law No 2019/021 of 24 december 2019 to lay down some rules governing credit activities in the banking and mico-finance sector in Cameroon /akn/cm/act/loi/2019-12-24/301-law-no-2019-021-of-24-december-2019-to-lay-down-some-rules-governing-credit-activities-in-the-banking-and-mico-finance-sector-in-cameroon
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